The theory was that different branches of the blocktree could have different states of synchronisation, with related transactions being in one branch and unrelated transactions in another. Building upwards with blocktreesĭan’s next thought was if a single chain of blocks could only hit 1,000 TPS could a branching network of blockchains do any better? Catchily named blocktrees this next area of investigation was Dan’s first step into investigating and understanding sharding. Knowing that Visa on processed up 24,000 TPS and Alipay did over 725,000 transactions on their biggest day of shopping, Dan knew that these speeds would not be enough to achieve the goal of a global payments rail. In the end, though, he could still only achieve 700-1,000 transactions per second (TPS) with blockchain. He did everything from increasing the blocksize to ridiculous numbers, using the top hardware available, to even making mining as cheap as possible. Beginning with Bitcoinĭown in his coding cave (in reality quite a nice, if messy study, in the back on Dan’s house) Dan started spinning up nodes and spamming his test network to really see what bitcoin and blockchain could do. To see if this was possible Dan started running tests to see what the limits of Bitcoin’s scalability were. For Bitcoin or any cryptocurrency, to become a new global cash system Dan knew it needed to be able to scale to meet global demand. Radix’s journey started back in 2013 when our founder, Dan, saw both the promise and challenges of Bitcoin.
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